Russian-Belarusian Venture Investment Fund to finance four projects

6/30/17 10:08 AM / Views:1045

According to the results of the first session of the investment committee of the Russian-Belarusian Venture Investment Fund, four projects were selected for the further development of the conditions of the financing of them. The investment is expected to be sent to the developments in the field of health care and medicine with the use of IT.

RVC, Infrafund RVC and the Belarusian Innovative Foundation announced the creation of a joint venture fund "Russian-Belarusian Venture Investment Fund" in December 2016.  The target amount of the fund is 1.4 billion rubles with the possibility of further increase by the decision of investors. The Investment Committee of the Russian-Belarusian Venture Investment Fund from the Belarusian side includes Dmitry Kalinin, director of the Belarusian Innovative Foundation, and Evgeny Kuznetsov, director of the LLC “Infrafund RVC” from the Russian side. The Fund's Supervisory Board includes Alexander Shumilin, Chairman of the State Committee on Science and Technology of the Republic of Belarus, and Oleg Fomichev, Deputy Minister of Economic Development of the Russian Federation.